Header Ads

Earn and Gain money with Steemit

Steemit, a new social media platform where everyone gets paid to post online .

●》Background of Steemit

Steemit is a relatively new company, founded in early 2016 by Ned Scott and Daniel Larimer. Ned Scott earlier worked for Gellert Global Group, a family-owned private equity group which holds many North American food companies. Daniel Larimer is the founder of Bitshares, which has the 11th largest market capitalization amongst all cryptocurrencies.

●》How does Steemit work ?

Steemit is powered by blockchain technology and uses a new cryptocurrency to reward users who upload articles, images, commentary, etc. Other ways users can get paid is through sourcing and up-voting popular content. The earlier a person up-votes a post that becomes popular, the more is the reward. Users are paid half in 'Steem Power' (a vesting currency) and half in Steem Dollars, which can be exchanged for US Dollars.

In some ways, Steemit is similar to other digital currencies. For example, Steemit currency units can be traded, bought, and sold on the open market just like all of the other digital currencies.With other cryptocurrencies like Bitcoin, the actual currency units that are created each day are distributed to the people who run a special bitcoin software program on their computers that perform a process called Bitcoin Mining. The amount of computing power you have dictates how much money you get.

Steemit allows for currency mining as well, but it’s not the primary way to earn money. Every day, new Steemit currency units that are created by the network and distributed to the people who engage with the site. The more you engage, the more you get.

●》》How should steemit ?

●》Entrepreneurs

Take advantage of bringing Steem Dollars to parts of the world that need stability

●》Content CreatorsBe appreciated for the quality of your work by the people you want to reach

●》ReadersRead through new posts and identify the best content to earn Steem Power and Steem Dollars

●》Market-MakersEarn the spread by helping make the market between Steem and Steem Dollars on the blockchain-based exchange with its built in maker-taker incentives

●》Social Media SitesIntegrate Steem to give your users the opportunity to earn for their posts and their time on your site